Has bitcoin bulls ended? See this main price

The Bitcoin price has now decreased more than -22 % of each time, as it displays a series of highest levels in the daily time frame. Although the upcoming weekly and monthly time, calls for the beginning of the Bitcoin Bear market increased loudly on X. There were two prominent analysts in what they believe could be the decisive factor in an extended march – or a deeper shrinkage.

Bitcoin Bull Run is in danger

Drawing analyst, spread under @chartingguy handle, subscriber The scheme, which focuses heavily on the 95,000 dollar price point for Bitcoin, noting: “Yes, I will return to the entire climb. […] In order for this to happen, BTC needs to restore and retain $ 95,000, which he mentioned several times […] It is the level that was pre -supported to the majority of February, then we rejected it hard on the second of March and transformed it into resistance […] Now, with 76.7 thousand dollars on March 11 is the very possible local depression, we withdraw FIB and only 95 thousand dollars happen to be 0.618 FIB. You cannot configure this. “

According to his analysis, the spread of 0.618 Fibonacci – often called “the golden pocket” – resort to a final test of the biological force. The failure to collapse over this area and the heart of this area to support, warns the man’s drawing, and can lead to an extended dirt stage.

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He also explained that Bitcoin (BTC) and stocks, such as S&P 500 (SPY), must move in their golden pockets before any real gathering begins, and begins: “If he cannot encrypt and arrows, the golden pocket restores and his heart to support it, and the rejection ends there instead, then I am in BTC & Choss for it.”

However, the man’s drawing sees the possibility of a bull run in April to June: “April – June will be fasting on IMO […] But this extension until June is only if May is strong and not a sale in May and went away from the month […] What will determine that? How BTC & Spy react to their gold pockets when they arrive there at the relief gathering in April. “

If these technical barriers prove to overcome it, the graph says it will come out of its sites: “If this is just a relief gathering, and TopPy plans appear again when we return to these levels in late April, I will be outside this market.”

Another encryption analyst, Wauwda, has taken more cautious positionWith reference to several declining signals for Bitcoin and S&P 500: “Each indicator gets a HTF drop for BTC & SPX: Cross RSI Stochastic, Cross Macd Cross, Handish Divergence RSI, and Mstr Lower High, higher higher …

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While Wauwda expects relief-which makes the possibility of apostasy due to severe downsic feelings-it refers to similarities with 2021. He recounts a series of events that he sees as euphoria at the market level, including high-quality celebrity approvals, big companies ’plays, and the noise paid at the level of M.

“We haven’t had euphoria yet” … Are you sure? The founder of Tron buys banana for $ 6.2 million, eats it, gives free Coinbase Bitcoin to every person in Warriors, the Ministry of Governmental efficiency (DOGE), teenagers get encrypted courses in school, and people are largely presented. This is just a small part of what I wrote. “

Although admitting that the euphoria of this session may seem different from that previous, wauwda notes that similar warning signs appeared before the 2021 market summit. It also refers to ETH/BTC and Bitcoin (BTCD) as factors to see them, although both showed volatile patterns and swinging instead of a clear direction: “The thing that I face though is that Ethbtc and BTCD now because both of them were only up and down, but this may change with the following leg. “

At the time of the press, BTC was traded at $ 84,206.

Distinctive image created with Dall.e, Chart from TradingView.com